Trying to time your investments with the fall of the Australian dollar could be profitable, but challenging to pull off.
The other challenge here is that the Aussie dollar’s fall is reflective of a weaker outlook for the Australian economy, due primarily to a poor outlook for China, the biggest customer for our exports.
Note also that if you adopted your proposed strategy there would likely be some capital gains tax consequences in making this move within your super fund. Super funds pay 10 per cent CGT on assets held for more than a year. Does it make sense to put surplus cash in an offset account for an investment property? I own my home and have no debt.
Should I pay off my HECS? I have enough in my re-draw to get rid of it. I’ve never worried about it before, but it jumped up quite a lot this year.There is no interest charged on HECS debts. However, the balance does get adjusted each year for inflation. For a very long time, inflation was low, however, it has spiked following the COVID-19 reopening. As a result, the indexation applied this year was unusually high at 7.1 per cent.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trying to undermine trust in our electoral systemReaders discuss the Voice and the referendum.
Read more »
Controversy over major exclusion at iconic Australian cricket venue‘We’ve looked to the future, we’ve examined what people’s needs are.’
Read more »
‘To Marley, Andrea is everything’: the Italian father fighting to stay with his Australian sonLike many migrants stuck in permanently temporary limbo, Andrea Tindiani’s last chance of remaining in Australia now rests with the immigration minister’s ‘God powers’
Read more »
Australian Electoral Commission responds to Voice referendum bias claimsThe Australian Electoral Commission has rejected accusations of giving the 'Yes' campaign an unfair advantage in the Voice referendum. Opposition leader Peter Dutton has demanded that the commission publicly release the legal advice behind accepting a tick as a yes vote but not accepting a cross as a no vote.
Read more »
Australian, US, Filipino forces practise retaking an island in the South China SeaDespite the countries being vocal critics of China’s aggressive actions in the disputed waters, the Philippine military said Beijing wasn’t the envisioned target.
Read more »